Water In Lower Unit?

[Blu_Lunch]

I got home from work today and I noticed a bit of gear lube had run down from the top screw fill on the lower unit. So I drained the lower unit and it was tilted up so I cracked open the bottom screw and held the drain pan under the lower unit as my son tilted the engine down so I would not spill any fluid on the new driveway..... first thing we got was about 3 oz of crystal clear water then what appeared to be normal loking fluid not the milky mess like when my Johnson had a bad seal in it. I had run it on the muffs Saturday after installing and new water separter filter to check for leaks. What I did noticed that the seal on both screws were shot....What do you think? The only thing I can think of is that water was in the prop but what about the fluid leak from the screw? 1983 150 HP Black Max